BHP says over 50 mln tonnes of steel capacity restarted in China

SINGAPORE May 19 (Reuters) - More than 50 million tonnes of
steel capacity has been restarted in China since the start of
the year as rising prices boosted margins, a senior official
told an industry conference on Thursday.

The world's No. 3 iron ore miner also sees around 30 million
tonnes of new seaborne supply this year, down from around 90
million tonnes last year, said Vicky Binns, vice president for
marketing minerals at BHP.
(Reporting by Manolo Serapio Jr. and Florence Tan; Editing by
Richard Pullin)